Snap-on Incorporated (NYSE:SNA) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lessened its position in Snap-on Incorporated (NYSE:SNAFree Report) by 10.8% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,652 shares of the company’s stock after selling 6,766 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of Snap-on worth $14,195,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Clear Street Markets LLC grew its holdings in shares of Snap-on by 96.3% in the 1st quarter. Clear Street Markets LLC now owns 106 shares of the company’s stock worth $26,000 after acquiring an additional 52 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Snap-on by 57.3% in the 1st quarter. Parkside Financial Bank & Trust now owns 129 shares of the company’s stock worth $27,000 after acquiring an additional 47 shares during the last quarter. Peoples Bank KS acquired a new position in shares of Snap-on in the 3rd quarter worth $40,000. EverSource Wealth Advisors LLC grew its holdings in shares of Snap-on by 55.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 143 shares of the company’s stock worth $41,000 after acquiring an additional 51 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Snap-on by 384.4% in the 2nd quarter. Quarry LP now owns 155 shares of the company’s stock worth $45,000 after acquiring an additional 123 shares during the last quarter. Institutional investors own 83.90% of the company’s stock.

Insider Buying and Selling at Snap-on

In other Snap-on news, VP June C. Lemerand sold 3,600 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $273.38, for a total value of $984,168.00. Following the completion of the sale, the vice president now owns 1,944 shares of the company’s stock, valued at $531,450.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Snap-on news, VP June C. Lemerand sold 3,600 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $273.38, for a total value of $984,168.00. Following the completion of the sale, the vice president now owns 1,944 shares of the company’s stock, valued at $531,450.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas J. Ward sold 1,435 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $289.91, for a total value of $416,020.85. Following the completion of the sale, the senior vice president now directly owns 48,684 shares of the company’s stock, valued at approximately $14,113,978.44. The disclosure for this sale can be found here. Insiders have sold 75,998 shares of company stock worth $21,666,210 over the last 90 days. 4.20% of the stock is currently owned by corporate insiders.

Snap-on Stock Performance

Shares of SNA stock opened at $262.43 on Monday. Snap-on Incorporated has a 1-year low of $226.68 and a 1-year high of $297.26. The company has a current ratio of 3.88, a quick ratio of 2.81 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of 14.00, a P/E/G ratio of 1.69 and a beta of 1.00. The stock’s fifty day simple moving average is $285.43 and its 200-day simple moving average is $271.79.

Snap-on (NYSE:SNAGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported $4.75 EPS for the quarter, beating analysts’ consensus estimates of $4.66 by $0.09. Snap-on had a return on equity of 20.89% and a net margin of 21.38%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the previous year, the company posted $4.42 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts predict that Snap-on Incorporated will post 19.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SNA shares. Roth Mkm restated a “buy” rating and issued a $324.00 target price on shares of Snap-on in a report on Thursday, October 19th. Barrington Research restated an “outperform” rating and issued a $325.00 target price on shares of Snap-on in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $306.00.

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Snap-on Profile

(Free Report)

Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.

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Institutional Ownership by Quarter for Snap-on (NYSE:SNA)

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